Qof

CapZone Analytics Announces Release 1.0 of Compliance & Risk Management Software Platform for Qualified Opportunity Zone Funds

Retrieved on: 
Thursday, July 6, 2023
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The core of CapZone Analytics' platform is the OZ Rules Engine, which codifies IRS regulations for investors, Funds, and portfolio companies.

Key Points: 
  • The core of CapZone Analytics' platform is the OZ Rules Engine, which codifies IRS regulations for investors, Funds, and portfolio companies.
  • CapZone Analytics has engineered the OZ Risk Register to prioritize and mitigate critical compliance issues.
  • This tool flags compliance and risk issues that are the most likely to occur, and that have potential for substantial financial impact on Qualified Opportunity Funds (QOFs).
  • DEEP ELLUM, Texas, July 6, 2023 /PRNewswire/ -- CapZone Analytics , the leading national provider of compliance and risk management technology solutions for the $180 billion Opportunity Zone (OZ) market, has announced Release 1.0 of its Compliance Platform.

Washington, D.C., Top City for Investment in QOFs Tracked by Novogradac

Retrieved on: 
Thursday, February 9, 2023
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SAN FRANCISCO, Feb. 9, 2023 /PRNewswire-PRWeb/ -- Washington, D.C., is the leading city for planned investment by qualified opportunity funds (QOFs) tracked by national accounting and consulting firm Novogradac with $1.38 billion in planned investment as of Dec. 31, 2022. A total of 54 cities (in 25 states, plus the District of Columbia) have $100 million or more in planned investment.

Key Points: 
  • SAN FRANCISCO, Feb. 9, 2023 /PRNewswire-PRWeb/ -- Washington, D.C., is the leading city for planned investment by qualified opportunity funds (QOFs) tracked by national accounting and consulting firm Novogradac with $1.38 billion in planned investment as of Dec. 31, 2022.
  • California and Arizona continue to be the leading states for planned QOF investment, although Novogradac is tracking such investment in 48 states, plus the District of Columbia, Puerto Rico and the U.S. Virgin Islands.
  • Los Angeles and New York City join Washington as cities with at least $1 billion in planned investment by QOFs tracked by Novogradac.
  • Novogradac also tracks QOF investment by the size of funds and by how much equity is managed by QOF managers.

Record Year for Investment Pushes QOF Equity Tracked By Novogradac Past $34 Billion

Retrieved on: 
Thursday, February 2, 2023
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SAN FRANCISCO, Feb. 2, 2023 /PRNewswire-PRWeb/ -- Overall investment in qualified opportunity funds (QOF) tracked by national accounting and consulting firm Novogradac reached $34.09 billion at the end of 2022–with a single-year record $9.68 billion of that being reported in the preceding 12 months.

Key Points: 
  • That total comes from 1,661 QOFs tracked by Novogradac, 1,274 of them reporting a specific amount of equity raised.
  • The equity amount raised in 2022 comes on the heels of a reported $9.24 billion raised in 2021 and $9.23 billion raised in 2020.
  • While 2022 saw a record amount of reported investment, the final three months saw a decline.
  • While the Novogradac data isn't exhaustive–the number of QOFs is undoubtedly higher and the total investment is a multiple of the Novogradac total–the Novogradac data provides indications of investment trends.

CapZone Analytics Launches Tech-Enabled Compliance Platform for Qualified Opportunity Funds and Investors

Retrieved on: 
Wednesday, January 18, 2023
Ecosystem, IRS, Architecture, Financial management, OZ, QOF, Qof, CZA, Family office, Friction, Risk management, Federal, DEEP, Life, Investment, Renewable energy, Cryptocurrency, Opportunity zone

DEEP ELLUM, Texas, Jan. 18, 2023 /PRNewswire-PRWeb/ -- Designed with the assistance of national Opportunity Zone (OZ) experts, CapZone Analytics' Compliance Platform provides direct business value to private wealth managers and fund managers to monitor investment portfolios efficiently within a complex regulatory framework and radically reduce the time and resources required to manage compliance for Opportunity Zone investments.

Key Points: 
  • CapZone Analytics' Opportunity Zone compliance and risk management platform is the first technology solution designed to address the complex reporting requirements and compliance processes mandated by Federal regulations for Qualified Opportunity Funds (QOFs) under 26 U.S. Code § 1400Z-2.
  • CapZone Analytics' Compliance Platform enables Qualified Opportunity Zone funds and investors to employ technology-forward tools to track, manage, and control the extensive detailed financial, legal, and operational data required over the life of Opportunity Zone investments, through 2047, to ensure accurate reporting to the IRS.
  • CapZone Analytics , the leading national provider of compliance risk management technology solutions for the $180 billion Opportunity Zone market, has announced the commercial release of its Compliance Platform, the first automated solution designed to meet the evolving needs of Qualified Opportunity Funds (QOFs) and Family Office investors and wealth managers.
  • "Today, Qualified Opportunity Funds face enormous challenges in the timely reporting of accurate information to the IRS," said Jonathan Ewert, CEO of CapZone Analytics.

Caliber and Platinum Advisors to Develop 100-acre Mixed-Use Project Near Talking Stick Casino

Retrieved on: 
Thursday, November 17, 2022
Professional Services, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, Urban Planning, REIT, Investment, Tax cut, QOF, Price–101 Freeway/Apache Boulevard station, Greater Phoenix Economic Council, Salt River Pima–Maricopa Indian Community, Partnership, Opportunity zone, Platinum, Restaurant, Qof, Development, Riverwalk, Growth, Tax Cuts and Jobs Act of 2017, SRPMIC, Pavilion, Financial services, Nightclub, Caliber, Topgolf

This fund also seeks to provide equity for vertical development on this site, in partnership with developers or for Caliber sponsored developments.

Key Points: 
  • This fund also seeks to provide equity for vertical development on this site, in partnership with developers or for Caliber sponsored developments.
  • Jim Riggs, partner at Platinum Advisors, LLC, worked for four years to obtain the right to purchase the land lease.
  • Platinum Advisors, LLC and Caliber Realty Group, LLC represented Caliber as the buyers broker on the project.
  • In addition to the Talking Stick Casino and the Topgolf venue, the development is located near the Talking Stick Fields and Pavilions retail shopping center.

Novogradac Report Shows Investment in Opportunity Zones Continues to Grow

Retrieved on: 
Tuesday, August 9, 2022
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SAN FRANCISCO, Aug. 9, 2022 /PRNewswire-PRWeb/ -- Total investment in qualified opportunity funds (QOFs) tracked by national accounting and consulting firm Novogradac surpassed $30 billion as of June 30, according to a special report released today.

Key Points: 
  • Novogradac Opportunity Zones Investment Report: Data Through June 30, 2022 , reports that $30.49 billion was raised by QOFs tracked by Novogradac for investment in opportunity zones (OZ).
  • "As the OZ investment incentive matures, investor interest is not waning," said Michael J. Novogradac, managing partner of Novogradac.
  • "This report confirms that even in these inflationary times, investors see opportunity zones as a wise investment."
  • Information on QOFs in the Novogradac Opportunity Zones Investment Report: Data Through June 30, 2022 , comes from a rolling collection of information by Novogradac.

OZ FundHub Launches New Opportunity Zone Online Platform

Retrieved on: 
Thursday, March 31, 2022
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Today, OZ FundHub launched a new online platform serving as a neutral marketplace for Opportunity Zone (OZ) investors and Qualified Opportunity Funds (QOFs) to connect.

Key Points: 
  • Today, OZ FundHub launched a new online platform serving as a neutral marketplace for Opportunity Zone (OZ) investors and Qualified Opportunity Funds (QOFs) to connect.
  • OZ FundHub was created to address the needs of buyers (investors) and sellers (funds) to solve two problems in the OZ space.
  • Second, QOFs are missing the opportunity to capture relevant opportunity zone search traffic and convert that into material investments in their fund/s.
  • The bipartisan Opportunity Zone program is a great investment vehicle that benefits investors while simultaneously delivering social impact to communities in distress, says Michael Hubert Co-Founder of OZ FundHub.

JTC Americas Announces Webinar Offering New Insights on Opportunity Zones

Retrieved on: 
Wednesday, March 9, 2022
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SAN JOSE, Calif., March 9, 2022 /PRNewswire-PRWeb/ --Fund administration leader JTC Americas has announced a free virtual event where it will reveal insights gathered from an in-depth survey into Opportunity Zones.

Key Points: 
  • SAN JOSE, Calif., March 9, 2022 /PRNewswire-PRWeb/ --Fund administration leader JTC Americas has announced a free virtual event where it will reveal insights gathered from an in-depth survey into Opportunity Zones.
  • JTC Americas, the North American arm of JTC, has been the market leader in Opportunity Zones fund administration since the program's inception.
  • Their Opportunity Zones Database helps connect investors with Qualified Opportunity Funds and provides educational tools about the initiative.
  • "As the industry leader in Opportunity Zones fund administration, it's important for us to work with the best data possible," said Reid Thomas, Chief Revenue Officer and Managing Director, JTC Americas.

Novogradac Report Shows Surge in Opportunity Zones Investment in Second Half of 2021

Retrieved on: 
Tuesday, February 15, 2022
Treasury Department Federal Credit Union, Collection, Tax credit, Introduction, Housing, Department of the Treasury, Qof, SAN, Security, City, Opportunity zone, QOF, U.S. Securities and Exchange Commission, Head, Investment, CPA, Conference, OZ, D.C, Security (finance), Renewable energy

The Novogradac Opportunity Zones Investment Report: Data Through Dec. 31, 2021 , summarizes $24.40 billion in equity raised by the QOFs for which Novogradac gathers information.

Key Points: 
  • The Novogradac Opportunity Zones Investment Report: Data Through Dec. 31, 2021 , summarizes $24.40 billion in equity raised by the QOFs for which Novogradac gathers information.
  • The total investment reported by Novogradac at the end of 2021 was $6.88 billion more than at midyear, a 39.3% increase.
  • The Novogradac Opportunity Zones Investment Report: Data Through Dec. 31, 2021 , includes data on the types of reported investments, the planned geographic focus of investment and the top 20 states and top 40 cities for targeted OZ investment.
  • Tax, audit and consulting specialty practice areas for Novogradac include affordable housing, opportunity zones, community development, historic rehabilitation and renewable energy.

Novogradac Opportunity Funds Report Shows More than $17.5 Billion in Tracked Investment

Retrieved on: 
Tuesday, August 10, 2021
City, CPA, Housing, Opportunity zone, Tax credit, OZ, Conference, Credit, Optimism, Qof, Introduction, COVID-19, SAN, Department of the Treasury, QOF, Treasury Department Federal Credit Union, Financial adviser, Renewable energy

The Novogradac Opportunity Zones Investment Report: Data Through June 30, 2021 , describes the $17.52 billion in equity raised by QOFs for which Novogradac has information.

Key Points: 
  • The Novogradac Opportunity Zones Investment Report: Data Through June 30, 2021 , describes the $17.52 billion in equity raised by QOFs for which Novogradac has information.
  • The amount is a $2.36 billion increase (15.5%) from QOF investment tallied by Novogradac at the end of 2020 and continues a steady rise in opportunity zones (OZ) investment since Novogradac began tracking the information in May 2019.
  • "The fact that investment in opportunity zones has continued during the COVID-19 pandemic is reason for optimism for those residents and businesses in opportunity zones," said Michael J. Novogradac, CPA and managing partner of Novogradac.
  • Novogradac maintains the Opportunity Funds List and also publishes the Opportunity Zones Handbook, the Introduction to Opportunity Zones booklet, the monthly Novogradac Journal of Tax Credits and the weekly Tax Credit Tuesday podcast.